India  
NewsR.in
> > >

The U.S. and China wrap up first day of trade talks

Video Credit: Reuters Studio - Duration: 00:57s - Published < > Embed
The U.S. and China wrap up first day of trade talks

The U.S. and China wrap up first day of trade talks

Chinese Vice Premier Liu He departs after the first day of talks with the U.S. Trade negotiations have gone forward even as the U.S. gets ready to hike tariffs on good imported from China.

Rough cut (no reporter narration).

0
shares
ShareTweetSavePostSend
 

The U.S. and China wrap up first day of trade talks

(ROUGH CUT - NO REPORTER NARRATION) Top U.S. and Chinese trade negotiators concluded the first of two days of talks on Thursday (May 9) to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China.

Tension between Washington and Beijing has risen after a major setback in negotiations last week when China revised a draft deal and weakened commitments to meet U.S. demands for trade reform.

President Donald Trump responded by ordering a tariff hike, and China has said it would retaliate.

The 10-month-old trade war has already cost companies in both countries billions of dollars.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume talks on Friday.

Officials did not speak to reporters as they left the talks.

Before they get back around the table on Friday, the United States will have increased duties on $200 billion of Chinese goods, to 25 percent from 10 percent.

The duties apply to cargoes leaving China after 12:01 a.m.

EDT (0401 GMT) Friday.

Consumer products, including cell phones, computers, clothing and toys, are to be especially hard hit.

Trump on Thursday took aim at the $325 billion in Chinese goods that are so far untouched by the trade war, saying he was "starting ... paperwork today" to tax those with a punitive tariff of 25 percent.

Trump, who has adopted protectionist policies as part of his "America First" agenda aimed at rebalancing global trade and boosting U.S. manufacturing, accused Beijing of reneging on commitments made during months of negotiations.



Recent related news from verified sources

Gold dips on hopes for U.S.-China trade talks ahead of Fed statement

Gold prices fell on Wednesday as fresh optimism that the U.S.-China trade dispute could soon end...
Reuters India - Published


You Might Like


Recent related videos from verified sources

Navigating the Markets Ahead of G20 Summit and Growing U.S.-Iran Tensions [Video]Navigating the Markets Ahead of G20 Summit and Growing U.S.-Iran Tensions

As Wall Street returns from the weekend, the market seems to remain fairly positive ahead of a very busy week and mounting tensions between U.S. and Iran. Investors should make sure to keep a close eye..

Credit: The Street     Duration: 00:56Published

China says both U.S., China should make compromises in trade talks [Video]China says both U.S., China should make compromises in trade talks

Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S...

Credit: Rumble     Duration: 01:03Published

Winnie the Xi in Pyongyang to kick it with Kim Jong-fats [Video]Winnie the Xi in Pyongyang to kick it with Kim Jong-fats

PYONGYANG — Emperor Winnie the Xi popped over to Pyongyang on Thursday and was treated to a 21-gun salute at the airport and a whole bunch of balloons. According to the BBC, President Pooh's trip..

Credit: TomoNews US     Duration: 01:35Published

G-20 Summit: Three Things Investors Should Know [Video]G-20 Summit: Three Things Investors Should Know

As the tit for tat between Washington and Beijing continues ... U.S. President Trump and Chinese President Xi are gearing up for the G-20 summit that is set to kick off on June 28 in Japan. Here's..

Credit: The Street     Duration: 02:01Published

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest